It is tempting to want to get in on the GameStop rally.
The stock rose over 1,600% in January. People are claiming to have become overnight millionaires. For some, there is the bonus incentive that all the craziness seems to be part of a movement to stick it to Wall Street.
So a sense of FOMO, or fear of missing out, is understandable.
Still, there are plenty of reasons to fight the urge to jump in. And there is plenty to know if you just can’t resist.
Why shouldn’t I invest in GameStop now?
First, be clear about what GameStop is and isn’t at this point. It isn’t an investment. It isn’t a trade. It is a gamble, pure and simple.
This content was originally published here.